Life:Powered's Jason Isaac delivered invited testimony before a U.S. Senate subcommittee explaining why a national climate bank would impose a massive cost to taxpayers — but provide no environmental benefits whatsoever. Click here to watch the 5-minute testimony.
Jason Isaac: "Climate Bank Would Not Change the Climate" - "The National Climate Bank would be one of the most flagrant examples of the government picking winners and losers at the taxpayers’ expense in American history." ... "The National Climate Bank Act would impose a massive cost to taxpayers and create an uneven regulatory playing field but provide no environmental benefits whatsoever."
"This climate cartel will prove a disaster for our entire economy."
The climate cartel 💰
Jason Isaac: “Restricting financing to American energy producers based on political whims kills good-paying jobs, increases our cost of living, and reduces the capital available to invest in the energy technologies of the future—while giving a leg up to less responsible energy producers. The less energy the United States is free to produce, the more we and our allies are forced to rely on hostile, unstable nations with lax environmental and labor standards. This is harmful not just for energy businesses but also for energy consumers—that means each and every American.”
“Contrary to the narrative that our environment is bad and getting worse—and that it is all our fault—America is a world leader in environmental protection. We are the only highly populated nation to meet the World Health Organization’s standards for safe air, and we have cut emissions of criteria air pollutants by 77% in the last 50 years…In fact, our air is now so clean it is almost indistinguishable from natural background levels. During the COVID-19 shutdowns, when 40% or more of vehicle traffic was taken off the roads and significant industrial activity slowed, the Texas Public Policy Foundation’sresearch shows there were no meaningful improvements in air quality. Anecdotal stories about the sky supposedly looking bluer do not stand up to the facts—at least in the United States. In fact, in some U.S. cities, the air actually got worse during the early months of the shutdowns.”
The Green New Deal is back, but that’s not the only reason we need to hold on to our hats (and our tax dollars). A new bill in the U.S. Senate proposes a “National Climate Bank” — a politically appetizing but environmentally pointless slush fund for green energy projects.
Life:Powered’s Jason Isaac delivered invited testimony before a U.S. Senate subcommittee explaining why a national climate bank would impose a massive cost to taxpayers — but provide no environmental benefits whatsoever. Click here to watch the 5-minute testimony.
Jason Isaac, director of the Life:Powered project, delivered invited testimony about S. 283, the National Climate Bank act, before the Senate Committee on Environment and Public Works Subcommittee on Clean Air, Climate, and Nuclear Safety.
The National Climate Bank Act would impose a massive cost to taxpayers and create an uneven regulatory playing field but provide no environmental benefits whatsoever.
Jason Isaac: “Though you wouldn’t know it from most of the media’s apocalyptic headlines, America is a world leader in environmental quality, number one in the world in clean water and far outranking other developed nations in clean air. We are the only highly populated nation to meet the World Health Organization’s safe air standards for particulate matter and have reduced the six main air pollutants by 77% in the last 50 years — all while significantly growing our economy, population, and energy consumption.”
The ‘National Climate Bank’ Con – The ‘climate’ projects envisioned would yield ‘impacts either trivial or undetectable’
‘Beyond the scope of its mission’: GOP senators warn Federal Reserve about ‘subjecting banks to climate scenario analysis’
The Fed ‘lacks jurisdiction over and expertise in environmental matters’ …
Fed Governor Lael Brainard said last month the central bank may consider subjecting banks to climate scenario analysis.
The Carbon Commissars are watching you! Companies face compulsory green auditors
The new proposal for a separate energy and carbon audit — distinct from the financial audit and conducted by a different professional body — not only imposes further costs on businesses, but also creates a green profession focused on monitoring the requirements of the Streamlined Energy and Carbon Reporting Regulations. Since these are supported by criminal sanctions this is sinister and unwelcome development.
Central Banks Can’t Print Energy: ‘It’s not just the availability of energy that matters, it’s the affordability of that energy’
Watch: Glenn Beck on new climate financial rules: ‘This is the end of capitalism’ – Rips ESG or Environmental, Social, & Governance
Beck: “I want to invest in this company, it’s a gun company oh they’ve got an ESG score of two. Well I don’t care because I believe that’s going to go up. But it doesn’t matter. You’re not doing it for that anymore you’re not doing it to make money, you’re doing it for the overall good of society this is the end of capitalism.” … “It doesn’t matter that these companies might be worth more we think the investment should go to these companies because they’re socially woke. When that happens, the stock market means nothing, nothing because it is basically at the barrel of a gun the government and the big businesses have decided who’s going to get the money.”
Benjamin Zycher on ESG (Environmental, Social, & Governance Responsibility): ‘A blatant effort to use private-sector resources for ideological purposes’
Read the fabulous Ben Zycher‘s even more fabulous House testimony on the ongoing climate communist bid to convert corporate America into useful idiots via ESG (Environmental Social and Governance), which used to be called CSR (Corporate Social Responsibility).
Zycher to Congress: “The campaign for ESG (Environmental, Social, & Governance Responsibility) investment and disclosure is a blatant effort to use private-sector resources for ideological purposes, in the context of the unwillingness of the Congress to enact such policies as an outcome of the legislative bargaining process.” …
“Sustainability” is poorly defined, so that its objectives are limitless, and the Memorandum fails to tell us how to evaluate the inexorable tradeoffs among them and with the traditional business objective of value maximization.” …
“One could easily imagine that such self-protective “disclosures” might run thousands of pages, with references to thousands more, and the idea that this “disclosure” requirement would facilitate improved decision making by investors is difficult to take seriously.”
WHO reports: US ranked among countries with the cleanest air in the world – Significantly cleaner air than in Germany, Italy, Switzerland, UK, Japan, Austria, & France
President Trump was right – being in the Paris Climate Accord was not in America’s best interests. Especially since the US is listed among countries with the cleanest air in the world, according to the W.H.O… That’s after all the G7 countries whined about Trump removing us from the accords in 2017
In its 2018 report (& 2019 report) on air pollution, the W.H.O. ranked the United States among the countries with the cleanest air in the world, significantly cleaner than the air in Germany, Italy, Switzerland, the UK, Japan, Austria, and France.
WHO 2019 report: “Northern America remains one of the regions with the lowest overall PM2.5 levels worldwide.”
Report: COVID-19 lockdowns significantly impacting global air quality
EPA touts achievements: ‘The U.S. became the number one energy producer in the world’ under Trump admin
EPA October 2020: From 2005 to 2018, total U.S. energy-related CO2 emissions fell by 12 percent.
And while the U.S. became the number one energy producer in the world.
In contrast, global energy-related CO2 emissions increased over 23.8 percent.
And since 1990, U.S. natural gas production has increased by 71 percent.
Over that period, methane emissions across the natural gas industry have fallen by 24 percent.
The United States saw the largest decline in energy-related CO2 emissions in 2019 on a country basis. In fact, U.S. emissions are now down almost 1 gigaton from our peak in 2000, marking the largest decline in energy-related CO2 emissions by any other country over that period (International Energy Agency).
Overall, U.S. energy-related carbon dioxide (CO2) emissions declined by 2.8% in 2019 (EIA).
Analysis: US Air Quality Isn’t Slipping: Taking a Closer Look at the Data
The truth is that the changes in air quality cited are statistically insignificant, largely driven by wildfires, and do nothing to contradict claims that America’s air is as clean as it has ever been.
EPA Data Shows Air Quality Continues To Improve In Spite Of Eco-Left Fearmongering
Trump praised by Politico: ‘People who live near most toxic sites in America say they saw a level of attention they hadn’t seen in decades under Trump’ – ‘Some [will be] voting GOP for the 1st time in their lives’
“The crazy thing that still baffles me is how far above and beyond the minimum requirement this administration has gone,” says Ed Smith, who lobbied for the cleanup of the West Lake site during his time with the Missouri Coalition for the Environment, of the aggressive settlements. “You’d think this was a business-friendly administration,” he said, but the EPA under Trump struck a far more aggressive cleanup agreement with the polluting parties at the West Lake Landfill than Obama’s had—to the tune of an extra $150 million in remediation costs for the polluter, Smith figured. “I honestly wake up every day pinching myself. Is this real?”
Flashback: Analysis of EPA: Climate change ‘politicized the EPA’ – ‘EPA has (mostly) solved the most basic and widespread public health and environmental problems that plagued the U.S’
Amy Harder of Axios: ‘The EPA has (mostly) solved the most basic and widespread public health and environmental problems that plagued the U.S. back around the ’60’s. Climate change is now the top environmental issue in the country. That politicizes the EPA, makes it less of a big deal to average Americans and fuels antipathy from elected Republicans, most of whom don’t acknowledge it’s a real issue.’
‘The Obama administration issued a steady stream of major regulations on climate change…It was one of the most aggressive EPA’s ever’
‘Most past Republican presidents nominated EPA administrators who were more to the left on environmental issues than the Republican Party writ large.’